I started with money, but consistency helped me succeed – Omotayo Shoe Goddess Iyanoye, founder, Omar Collecktionz
Saviour Adugba
September 17, 2020
Saviour Adugba We’re promoting Nigerian brands so people don’t go abroad to buy designer shoes It is not commonplace to see female shoemakers in Nigeria. In a world where women are continually striving to break the mould and shatter barriers, it was an interesting phenomenon to see a woman who is not just a shoemaker, […]
Nigeria’s Piggybank.ng raises $1.1m, launches Smart Target group investment product
Businessam StaffMay 31, 2018
Piggybank.ng, Nigerian investment startup closed $1.1 million in seed funding as it seeks to tap into Africa’s informal savings groups after announcing a new product, Smart Target, which offers a more secure and higher return option for ‘Esusu or Ajo’ group savings clubs common across West Africa. The financing was led with a $1 million commitment […]
Intel Capital announces $72m investment in 12 ‘innovative’ start-ups around the world
Businessam StaffMay 11, 2018
Intel Capital, the global investment arm of global chip maker, announced $72 million in funding for the 12 newest startups to enter its portfolio, including three Chinese AI, cloud, and IoT focused firms. The company said this at the Intel Capital Global Summit on Wednesday, where it told delegates it has made more than $115 million […]
GE, Lagos state, others partner, host tech conference for Nigerian young entrepreneurs
Businessam StaffApril 27, 2018
General Electric (GE), the world’s premier digital industrial company, in partnership with the Lagos State Government and other organisations hosted a technology conference for Nigerian startups in the US. The effort was in line with the American multinational conglomerate’s commitment to skills development and the empowerment of entrepreneurs in Nigeria. The conference, a result of […]
Export institute set to partner NEXIM, BOI to train Nigerian youths on processing, packaging agricultural products
Businessam StaffApril 27, 2018
The Institute of Export Operations and Management (IEOM), Nigeria, revealed plans to partner financial institutions on the training of Edo youths on processing and packaging agricultural products, mineral resources, as well as art and craft products to meet international standards and quality for export. The Institute, which also disclosed plan of providing the youths financial […]
Ecobank unveils 2018 fintech challenge for African start-ups
Businessam StaffApril 23, 2018
Ecobank, a pan-African banking group, is inviting African fintech entrepreneurs to enter the second (2018) edition of its fintech challenge. The bank is currently accepting submissions from all start-ups and developers in any of Africa’s 54 countries. Ecobank Fintech Challenge is an initiative that gives African start-ups the chance to promote their fintech solutions, and […]
Nigerian startup, Edves among winners of 2017 Seedstars Global startup competition
Businessam StaffApril 13, 2018
Nigerian start-up, Edves, which has developed a portal for schools to share educational materials with learners and for parents to make payments to schools, among the winners at the just concluded 2017 Seedstars World startup competition led by Ghanaian startup AgroCenta, which beat all competitors in Lausanne, Switzerland. The agri-tech startup walks away with US$500,000 in […]
Nigeria’s fintech startup Zoto grows transaction base by 56% in 2017
Businessam StaffApril 9, 2018
Nigeria’s growing payment solution, Zoto, Monday announced 56 and 200 percent growth in its transacting user base and order volume respectively in the last financial year. The fintech startup, a product of Hedonmark Management Services Limited, processed 5 million orders in the last year which is expected to grow 300% to 15 million orders in the […]
12 African fintech startups selected for Village Capital investment-readiness programme
Businessam StaffMarch 7, 2018
U.S-based venture capital fund Village Capital has announced the full cohort of fintech startups from Africa that will take part in their venture development program, in collaboration with PayPal. The Village Capital Fintech Africa 2018 program will see the 12 early-stage African fintech startups, which are focused on improving financial health, work through a specific […]
Startup to be America’s first $1bn “marijuana unicorn”
Businessam StaffJanuary 27, 2018
Cura Cannabis Solutions, maker of the Select Oil vape cartridges, wants to be the first “unicorn” with a $1 billion valuation in the US marijuana industry. The company raised at a $400 million valuation in 2017. While other cannabis brands tout being vertically integrated, Cura is focused on building a singular product: cannabis oil. Cura […]